I noticed another stock to have similar pattern as xD pointed out with utilities. Don't know whether I am seeing it right, and it works well for individual stocks, but we will know in a week:
http://stockcharts.c...0972&r=2845.png
xD's pattern
Started by
greenie
, Jan 05 2007 08:54 PM
3 replies to this topic
#1
greenie
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Posted 05 January 2007 - 08:54 PM
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#2
dcengr
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Posted 05 January 2007 - 08:59 PM
You should just ask XD.
Qui custodiet ipsos custodes?
#3
raleigh
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Posted 05 January 2007 - 10:38 PM
To me it looks like a 'descending triangle' as a top. same as the dow utility average.
Descending triangle....as a top.
http://stockcharts.c...Descending.html
Descending triangle....as a top.
http://stockcharts.c...Descending.html
#4
A-ha
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Posted 05 January 2007 - 10:44 PM
Greenie,
You are correct ... it is another one however this one has a strong intermediate term momentum with 50 and 200 dmas sharply rising. It would be interesting to see if the pattern resolves as usual or fails.
